Dude - very easy to short on Ameritrade. And who said I shorted it at this price? I don't broadcast my share count and/or price I paid. This is not a competition. Unless you think it is. I just don't like the way this stock has performed ever since the day it hit .076. Since then, it's been a confusing ride. And I'm being kind by saying that. Read other posts. I'm not alone in my analysis. But good luck to you, man.
Dude your digging yourself into a deeper hole.
Do you even know and understand the requirements to short a penny stock? If you did, you probably wouldn't say what you just did. But let me educate :)
Requirement to short a penny stock. One must have $2.50 of margin per share to short a penny stock. Now do the math.
$2.50 of margin per share, I'll say it again.
So.. lets expand shall we. And for your sake I'll give you a leg up here.
Say you "shorted" at the peak at .076. Say you shorted $10,000 worth at .076, that would equate to 131,578 shares that you shorted. Now because its a requirement that one must have 2.50 of margin per share, times 131,578 shares that you shorted by 2.50 and what do you get...
You would need to have a whopping $328,947 dollars in your margin account to be able to execute such a trade.
Now thats giving your the benefit of the doubt and a leg up and saying your started shorting at .076, which I highly doubt you did and also I frankly highly doubt you even have shorted any shares IMO.
Two, I never mentioned this being a competition? Read my post history and you will know I am long on MCLN and still am, your statement here doesn't have much logic in it.
Three, if you say you didn't like how the stock has acted since it hit .076, then why did you post on a daily basis that you held a position? Again, isn't very logical IMO.
I await your response.
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